# The Authorised Investment Funds (Tax) Regulations 2006, Regulation 85S: Long-term insurance funds of insurance companies


(1) No liability to tax arises under regulation 85M in respect of disposals of units of an insurance company’s long-term insurance fund.
(2) In paragraph (1) “insurance company” and “long-term insurance fund” have the same meaning as in section 431(2) of ICTA.

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Source: https://www.legislation.gov.uk/uksi/2006/964/regulation/85S (the official version)
Page: https://openlegislation.uk/authorised-investment-funds-tax-regulations-2006/regulation-85S
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.